Grotech Ventures

Grotech Ventures is a Maryland-based venture capital firm founded in 1984 that focuses on early-stage and growth technology companies across the United States. The firm targets sectors including technology, cybersecurity, fintech, supply chain and logistics, software and vertical software, and TMT. It typically makes initial investments in the low to mid single digits per company and reserves capital for follow-on rounds to support growth through the company’s early and expansion stages. Grotech emphasizes a personal, long-term partnership with entrepreneurs, aligning its support with the founder’s definition of success. Beyond capital, it seeks to contribute through its experience, network, and hands-on involvement to help companies mature and scale.

Chuck Cullen

General Partner

Lawson DeVries

General Partner

Steve Fredrick

General Partner

Sharon Gogol

Vice President and Controller

Meghan Pfeifer

Vice President, Finance

Don Rainey

General Partner

Julia Taxin

General Partner

Past deals in Colorado

Notable Systems

Series B in 2025
Founded in 2015, Notable Systems develops a health data platform that streamlines healthcare IT. Its technology facilitates intuitive data entry and passive collection, enabling seamless access across systems and organizations to better serve patients and clinicians.

Webscale Networks

Series C in 2021
Webscale Networks, Inc., established in 2012, specializes in developing Webscale, an integrated solution for delivering web applications. Its cloud-based platform offers auto-scaling capabilities driven by predictive analytics and big data, ensuring optimal resource allocation. Key features include application delivery controller (ADC) layer scaling, RESTful API configuration, simplified integration with new providers, content optimization, security, load balancing, caching, self-healing, DNS management, visibility, mobile optimization, and a Web Application Firewall. Additionally, the company provides tailored solutions for e-commerce applications, including a customizable global deployment platform, multi-cloud disaster recovery, bot management, and enterprise solutions. Webscale operates globally with offices in Sunnyvale (California), Boulder (Colorado), and Bengaluru (India).

Backbone PLM

Series A in 2019
Backbone PLM, Inc. is a company that specializes in product lifecycle management solutions tailored for the consumer goods sector, particularly the fashion and apparel industry. Founded in 2014 and headquartered in Greeley, Colorado, Backbone PLM offers a modern, cloud-based platform designed to streamline product development processes. Its services include tools for file management, collaboration, and centralized product data, which facilitate communication among teams and suppliers. The platform features a tech pack editor, customizable product templates, and a range of other resources to manage complex designs efficiently. By enabling brands to innovate and design products more rapidly and effectively, Backbone PLM aims to enhance creativity, reduce time to market, and ultimately drive revenue growth for its clients.

Webscale Networks

Series B in 2019
Webscale Networks, Inc., established in 2012, specializes in developing Webscale, an integrated solution for delivering web applications. Its cloud-based platform offers auto-scaling capabilities driven by predictive analytics and big data, ensuring optimal resource allocation. Key features include application delivery controller (ADC) layer scaling, RESTful API configuration, simplified integration with new providers, content optimization, security, load balancing, caching, self-healing, DNS management, visibility, mobile optimization, and a Web Application Firewall. Additionally, the company provides tailored solutions for e-commerce applications, including a customizable global deployment platform, multi-cloud disaster recovery, bot management, and enterprise solutions. Webscale operates globally with offices in Sunnyvale (California), Boulder (Colorado), and Bengaluru (India).

Cloud Elements

Series C in 2019
Cloud Elements provides a cloud-to-cloud API integration platform that helps developers connect and manage data across multiple cloud applications and services. The platform includes hubs for data domains such as customers, documents, messaging, help desk, marketing, and finance; reusable elements that connect specific cloud endpoints; and an API integration layer for building, integrating, monitoring, and maintaining third-party cloud services and applications. It supports end-to-end functions such as data transformations, API provisioning, usage monitoring, events, and notifications to track and troubleshoot integrations, enabling connections between apps in CRM and marketing automation ecosystems. The company also offers consulting services, including design assessments, design workshops, application development, and API development. Founded in 2012 and headquartered in Denver, Colorado, Cloud Elements serves startups, SaaS vendors, and enterprise departments worldwide.

Cloud Elements

Corporate Round in 2018
Cloud Elements provides a cloud-to-cloud API integration platform that helps developers connect and manage data across multiple cloud applications and services. The platform includes hubs for data domains such as customers, documents, messaging, help desk, marketing, and finance; reusable elements that connect specific cloud endpoints; and an API integration layer for building, integrating, monitoring, and maintaining third-party cloud services and applications. It supports end-to-end functions such as data transformations, API provisioning, usage monitoring, events, and notifications to track and troubleshoot integrations, enabling connections between apps in CRM and marketing automation ecosystems. The company also offers consulting services, including design assessments, design workshops, application development, and API development. Founded in 2012 and headquartered in Denver, Colorado, Cloud Elements serves startups, SaaS vendors, and enterprise departments worldwide.

Backbone PLM

Series A in 2018
Backbone PLM, Inc. is a company that specializes in product lifecycle management solutions tailored for the consumer goods sector, particularly the fashion and apparel industry. Founded in 2014 and headquartered in Greeley, Colorado, Backbone PLM offers a modern, cloud-based platform designed to streamline product development processes. Its services include tools for file management, collaboration, and centralized product data, which facilitate communication among teams and suppliers. The platform features a tech pack editor, customizable product templates, and a range of other resources to manage complex designs efficiently. By enabling brands to innovate and design products more rapidly and effectively, Backbone PLM aims to enhance creativity, reduce time to market, and ultimately drive revenue growth for its clients.

Cloud Elements

Series B in 2017
Cloud Elements provides a cloud-to-cloud API integration platform that helps developers connect and manage data across multiple cloud applications and services. The platform includes hubs for data domains such as customers, documents, messaging, help desk, marketing, and finance; reusable elements that connect specific cloud endpoints; and an API integration layer for building, integrating, monitoring, and maintaining third-party cloud services and applications. It supports end-to-end functions such as data transformations, API provisioning, usage monitoring, events, and notifications to track and troubleshoot integrations, enabling connections between apps in CRM and marketing automation ecosystems. The company also offers consulting services, including design assessments, design workshops, application development, and API development. Founded in 2012 and headquartered in Denver, Colorado, Cloud Elements serves startups, SaaS vendors, and enterprise departments worldwide.

Webscale Networks

Series A in 2016
Webscale Networks, Inc., established in 2012, specializes in developing Webscale, an integrated solution for delivering web applications. Its cloud-based platform offers auto-scaling capabilities driven by predictive analytics and big data, ensuring optimal resource allocation. Key features include application delivery controller (ADC) layer scaling, RESTful API configuration, simplified integration with new providers, content optimization, security, load balancing, caching, self-healing, DNS management, visibility, mobile optimization, and a Web Application Firewall. Additionally, the company provides tailored solutions for e-commerce applications, including a customizable global deployment platform, multi-cloud disaster recovery, bot management, and enterprise solutions. Webscale operates globally with offices in Sunnyvale (California), Boulder (Colorado), and Bengaluru (India).

Dizzion

Series A in 2016
Founded in 2011, Dizzion specializes in cloud-based end-user computing solutions. It provides secure, remote access to applications and data via its proprietary managed desktop service, enabling employees to work from any device with the same productivity as their office environment. The company caters to industries such as healthcare, finance, legal, education, and insurance.

Parkifi

Series A in 2016
ParkiFi, Inc. is a technology company based in Denver, Colorado, that specializes in IoT-enabled parking solutions. Founded in 2014, the company offers a platform that provides real-time information on parking occupancy and payment options, aiming to alleviate the challenges associated with finding parking. ParkiFi's services cater to a variety of clients, including private parking operators, property managers, municipal parking services, and urban planners. The company’s mobile app allows users to find available parking spots in garages and lots, as well as pay for parking directly through the app. By streamlining the parking process, ParkiFi not only enhances user convenience but also seeks to reduce the environmental impact of driving by minimizing the time spent searching for parking. The app was launched in downtown Denver in 2016, with plans for expansion to other neighborhoods and locations. ParkiFi was previously known as Krumly LLC and operates as a subsidiary of DISH Network Corporation.

CommercialTribe

Series B in 2015
CommercialTribe, Inc. is a Denver-based company that specializes in developing a sales team assessment and behavioral-based observational learning platform. Founded in 2013, the company offers CT Connect, a software as a service (SaaS) platform designed to enhance sales performance management. This platform provides a comprehensive suite of features, including coaching tools, video training, sales framework alignment, and analytics and reporting services. By facilitating a structured approach to sales management, CT Connect helps organizations optimize the coaching process, guiding sales managers on whom to coach and how to effectively develop their teams. This targeted support aims to increase the percentage of sellers achieving their goals, thereby improving overall sales productivity and efficiency.

Webscale Networks

Funding Round in 2015
Webscale Networks, Inc., established in 2012, specializes in developing Webscale, an integrated solution for delivering web applications. Its cloud-based platform offers auto-scaling capabilities driven by predictive analytics and big data, ensuring optimal resource allocation. Key features include application delivery controller (ADC) layer scaling, RESTful API configuration, simplified integration with new providers, content optimization, security, load balancing, caching, self-healing, DNS management, visibility, mobile optimization, and a Web Application Firewall. Additionally, the company provides tailored solutions for e-commerce applications, including a customizable global deployment platform, multi-cloud disaster recovery, bot management, and enterprise solutions. Webscale operates globally with offices in Sunnyvale (California), Boulder (Colorado), and Bengaluru (India).

Dizzion

Series A in 2015
Founded in 2011, Dizzion specializes in cloud-based end-user computing solutions. It provides secure, remote access to applications and data via its proprietary managed desktop service, enabling employees to work from any device with the same productivity as their office environment. The company caters to industries such as healthcare, finance, legal, education, and insurance.

Cloud Elements

Series A in 2014
Cloud Elements provides a cloud-to-cloud API integration platform that helps developers connect and manage data across multiple cloud applications and services. The platform includes hubs for data domains such as customers, documents, messaging, help desk, marketing, and finance; reusable elements that connect specific cloud endpoints; and an API integration layer for building, integrating, monitoring, and maintaining third-party cloud services and applications. It supports end-to-end functions such as data transformations, API provisioning, usage monitoring, events, and notifications to track and troubleshoot integrations, enabling connections between apps in CRM and marketing automation ecosystems. The company also offers consulting services, including design assessments, design workshops, application development, and API development. Founded in 2012 and headquartered in Denver, Colorado, Cloud Elements serves startups, SaaS vendors, and enterprise departments worldwide.

CommercialTribe

Series A in 2014
CommercialTribe, Inc. is a Denver-based company that specializes in developing a sales team assessment and behavioral-based observational learning platform. Founded in 2013, the company offers CT Connect, a software as a service (SaaS) platform designed to enhance sales performance management. This platform provides a comprehensive suite of features, including coaching tools, video training, sales framework alignment, and analytics and reporting services. By facilitating a structured approach to sales management, CT Connect helps organizations optimize the coaching process, guiding sales managers on whom to coach and how to effectively develop their teams. This targeted support aims to increase the percentage of sellers achieving their goals, thereby improving overall sales productivity and efficiency.

Webscale Networks

Funding Round in 2013
Webscale Networks, Inc., established in 2012, specializes in developing Webscale, an integrated solution for delivering web applications. Its cloud-based platform offers auto-scaling capabilities driven by predictive analytics and big data, ensuring optimal resource allocation. Key features include application delivery controller (ADC) layer scaling, RESTful API configuration, simplified integration with new providers, content optimization, security, load balancing, caching, self-healing, DNS management, visibility, mobile optimization, and a Web Application Firewall. Additionally, the company provides tailored solutions for e-commerce applications, including a customizable global deployment platform, multi-cloud disaster recovery, bot management, and enterprise solutions. Webscale operates globally with offices in Sunnyvale (California), Boulder (Colorado), and Bengaluru (India).

Webscale Networks

Seed Round in 2012
Webscale Networks, Inc., established in 2012, specializes in developing Webscale, an integrated solution for delivering web applications. Its cloud-based platform offers auto-scaling capabilities driven by predictive analytics and big data, ensuring optimal resource allocation. Key features include application delivery controller (ADC) layer scaling, RESTful API configuration, simplified integration with new providers, content optimization, security, load balancing, caching, self-healing, DNS management, visibility, mobile optimization, and a Web Application Firewall. Additionally, the company provides tailored solutions for e-commerce applications, including a customizable global deployment platform, multi-cloud disaster recovery, bot management, and enterprise solutions. Webscale operates globally with offices in Sunnyvale (California), Boulder (Colorado), and Bengaluru (India).

Spotright

Seed Round in 2012
SpotRight, Inc. is a developer of a marketing insights application that provides brands with tools to design and build custom audiences for digital, social, and mobile advertising. The company offers a software-as-a-service platform that utilizes an artificial intelligence engine to analyze over 60 billion consumer-level data points, including social behaviors, brand affinities, and demographic information. This technology enables users to create high-performing custom audiences, which can be activated across more than 300 media-buying platforms, thus streamlining the marketing process and improving return on investment. SpotRight's platform assists agencies and national advertisers in connecting their marketing strategies with media activation, enhancing their audience targeting capabilities, and enabling more effective measurement of campaign performance. Established in 2009 and headquartered in Little Rock, Arkansas, with an additional office in Niwot, Colorado, SpotRight operates as a subsidiary of Wiland, Inc.
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